The Global Spray Polyurethane Foam (SPF) Market was valued at US$ 1,987.2 Million in 2023 and is projected to reach US$ 3,401.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period. This robust growth is primarily driven by rising demand for energy-efficient building solutions, stringent environmental regulations, and increasing applications in residential, commercial, and industrial construction.

As the global construction industry pivots towards sustainability and higher performance standards, the role of advanced insulation materials like SPF has become paramount. This versatile material offers superior thermal resistance, air sealing properties, and moisture control. In this blog, we profile the Top 10 Companies in the Spray Polyurethane Foam Industry—a dynamic mix of chemical giants, specialized manufacturers, and technology innovators shaping the future of building envelopes.

Download FREE Sample Report: Spray Polyurethane Foam Market – View in Detailed Research Report

---

🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Elastospray®, Elastopor® Spray Systems

BASF is a global leader in polyurethane chemicals and a dominant force in the SPF market. The company offers a comprehensive portfolio of high-performance spray foam systems for roofing, wall insulation, and specialty applications. Their products are renowned for their energy efficiency, durability, and fire-retardant properties.

Sustainability & Innovation Initiatives:

• Development of bio-based and recycled content polyols for SPF

• Commitment to carbon-neutral growth and reducing product carbon footprints

• Continuous R&D in low Global Warming Potential (GWP) blowing agents

---

9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: VORATRON™ MASTER BOND®, VORANOL™ Polyols

Dow is a foundational player in the polyurethane industry, supplying key chemical components and formulated systems for spray foam applications. Their expertise spans the entire value chain, from raw material production to finished SPF systems used in construction and industrial settings.

Sustainability & Innovation Initiatives:

• Investment in circular economy principles for plastics and polyurethanes

• Advancements in next-generation SPF formulations with improved environmental profiles

---

8️⃣ 3. Huntsman Corporation (including Demilec)

Headquarters: The Woodlands, Texas, USA
Key Offering: Spray Foam Systems under the Huntsman and Demilec brands

Huntsman is a major global producer of MDI (Methylene Diphenyl Diisocyanate), a critical raw material for SPF. Through its acquisition of Demilec, Huntsman has a strong direct presence in the formulated SPF market, offering both open-cell and closed-cell solutions for contractors.

Sustainability & Innovation Initiatives:

• Focus on SPF systems that contribute to LEED certification and other green building standards

• R&D into non-HFC blowing agents and sustainable raw material sourcing

Download FREE Sample Report: Spray Polyurethane Foam Market – View in Detailed Research Report

---

7️⃣ 4. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Baymer®, Desmodur® raw materials for SPF systems

Covestro, formerly the Bayer MaterialScience division, is a leading supplier of high-performance polyurethane raw materials. While they primarily supply the chemical building blocks (isocyanates and polyols), they work closely with system houses to develop advanced SPF formulations for the global market.

Sustainability & Innovation Initiatives:

• Pioneering the use of alternative raw materials like CO2 in polyol production

• Strong focus on creating cradle-to-cradle solutions for polyurethane products

---

6️⃣ 5. Lapolla Industries, Inc.

Headquarters: Houston, Texas, USA
Key Offering: Open-cell and Closed-cell SPF systems (AirTight®, FW88)

Lapolla Industries is a prominent manufacturer and supplier of spray polyurethane foam insulation, coatings, and equipment. They are known for their direct-to-contractor sales model and focus on providing high-quality, code-compliant SPF solutions for the residential and commercial sectors.

Sustainability & Innovation Initiatives:

• Development of eco-friendly foam formulations

• Investment in contractor training and certification programs to ensure proper application

---

5️⃣ 6. Johns Manville

Headquarters: Denver, Colorado, USA
Key Offering: JM Corbond® IV SPF Systems

A Berkshire Hathaway company, Johns Manville is a leading manufacturer of insulation and building products. Their Corbond® IV closed-cell spray foam is a key product line, recognized for its high R-value and robust performance in various climate zones.

Sustainability & Innovation Initiatives:

• Integration of SPF into broader building envelope solutions for maximum energy efficiency

• Commitment to product stewardship and sustainable manufacturing practices

---

4️⃣ 7. Accella Polyurethane Systems

Headquarters: Maryland Heights, Missouri, USA
Key Offering: APEX Spray Foam Insulation series

Accella specializes in formulated polyurethane systems, including a range of spray foam products for roofing and insulation. They are a key player in the North American market, providing solutions tailored to specific performance requirements and application methods.

Sustainability & Innovation Initiatives:

• Focus on developing SPF systems with improved fire safety and environmental characteristics

• Custom formulation services to meet unique project specifications

---

3️⃣ 8. Henry Company

Headquarters: El Segundo, California, USA
Key Offering: Henry® Tropi-Cell® Spray Foam Insulation

Henry Company is a well-established building product manufacturer with a significant presence in the roofing and waterproofing markets. Their entry into the SPF sector with products like Tropi-Cell demonstrates the strategic importance of foam insulation in comprehensive building envelope solutions.

Sustainability & Innovation Initiatives:

• Leveraging expertise in moisture management for integrated building solutions

• Focus on products that enhance building durability and longevity

Read Full Report: Spray Polyurethane Foam Market – View in Detailed Research Report

---

2️⃣ 9. Specialty Products Inc. (SPI)

Headquarters: Tulsa, Oklahoma, USA
Key Offering: Trionic SPF Systems

SPI is a specialty chemical manufacturer with a focus on polyurethane foam systems for various applications, including spray foam insulation. They serve a diverse customer base and are known for their technical expertise and customer support.

Sustainability & Innovation Initiatives:

• Investment in research to improve the application properties and performance of SPF

• Developing formulations that comply with evolving building codes and environmental standards

---

1️⃣ 10. Isothane Ltd.

Headquarters: Padbury, Buckinghamshire, UK
Key Offering: Custom-formulated SPF systems for industrial and construction use

Isothane is a UK-based specialist in polyurethane technology, providing tailored SPF solutions primarily to the European market. They focus on both standard and high-specification applications, offering technical support and formulation expertise.

Sustainability & Innovation Initiatives:

• Specialization in developing SPF for challenging environments and specific industrial needs

• Commitment to quality control and consistent product performance

---

🏗️ Outlook: The Future of Spray Polyurethane Foam is Smarter and More Sustainable

The SPF market is undergoing a significant evolution, moving beyond its traditional role as a simple insulator towards becoming an integrated component of high-performance building systems. The focus is increasingly on sustainability, fire safety, and digital integration.

📈 Key Trends Shaping the Market:

• Transition to Low-GWP Blowing Agents: Phasing out of HFCs in favor of hydrofluoroolefins (HFOs) and other environmentally friendly alternatives.

• Bio-based Feedstocks: Growing R&D and commercialization of SPF derived from renewable resources like soy and castor oil.

• Enhanced Fire Performance: Development of new formulations and additives to meet stringent fire safety codes without compromising insulation value.

• Digitalization and Smart Application: Use of sensors and data analytics for quality control during application and long-term performance monitoring.

Read Full Report: Spray Polyurethane Foam Market – View in Detailed Research Report

The companies listed above are not only supplying a critical insulation material—they are actively engineering the future of energy-efficient, durable, and sustainable construction worldwide.